Cryptocurrency exchange Kraken has indicated that the shiba inu (SHIB) cryptocurrency will be listed on its platform on Tuesday. The dogecoin rival has gained much popularity recently, rising 97% in the past seven days and 825.5% in the last 30 days.

Kraken Indicates Shiba Inu Will Be Listed on Its Platform Tuesday

Cryptocurrency exchange Kraken tweeted Monday about listing the shiba inu cryptocurrency (SHIB) on its platform. According to the San Francisco-based exchange, the company’s product lead, Brian Hoffman, said if the tweet gets 2K likes, Kraken will list shiba inu Tuesday. At the time of writing, the tweet has been liked 45.1K times and retweeted 11.6K times.

Founded in 2011, Kraken says it is the world’s largest global digital asset exchange based on euro volume and liquidity. Globally, its client base trades more than 60 digital assets and seven different fiat currencies, including EUR, USD, CAD, GBP, JPY, CHF, and AUD, its website details. Kraken was the first U.S. crypto firm to receive a state-chartered banking license. The crypto exchange serves more than 7 million traders around the world.

According to a Twitter user, a Kraken customer representative confirmed late Monday that SHIB will be listed “sometime tomorrow,” adding, “We do not have an exact time when it is being listed, but there should be an update tomorrow.”

SHIB supporters see the listing on Kraken as ultra bullish, expecting the price of shiba inu to soar. One person tweeted: “Bullish news for SHIB, expecting a bump in price once it becomes available for trade here. Kraken is probably going to make a pretty penny from exchange fees too.” Another expect the price of SHIB to rise significantly, noting that the listing by Kraken will give the meme coin a “much-needed boost.”

Meanwhile, the shiba inu supporters have been trying to get the trading platform Robinhood to list SHIB. A petition on Change.org to convince Robinhood to list the meme coin has garnered 461,439 signatures. Shiba inu’s adoption is also rising, with AMC Theatres considering accepting SHIB alongside dogecoin and other cryptocurrencies for payments.

The shiba inu coin has recently gained much popularity. It has flipped rival dogecoin and become the ninth-largest cryptocurrency. Its market cap is around $39 billion at the time of writing. The crypto has gone up 8% in the last 24 hours, 97% in the past seven days, and 825.5% in the last 30 days.

What do you think about Kraken listing SHIB? Let us know in the comments section below.

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